Kodensha Co (TSE:1948) Cyclically Adjusted PS Ratio: (As of Aug. 05, 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

TSE:1948 Kodensha Co Ltd TSE:1948
61 GF Score
Price 円11,410.00
GF Value 円2,052.79
Valuation Significantly Overvalued
! 3 Warning Signs
View Full Analysis

What is Kodensha Co Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Kodensha Co  (TSE:1948) Cyclically Adjusted PS Ratio Explanation

Compared with the regular PS Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PS Ratio smoothed out the fluctuations of revenue during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted PS Ratio should give similar results to regular PS Ratio.


Kodensha Co Cyclically Adjusted PS Ratio Related Terms


Kodensha Co Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Kodensha Co's Cyclically Adjusted PS Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Kodensha Co Cyclically Adjusted PS Ratio Chart

Kodensha Co Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.23 0.21 0.31 0.00 0.00

Kodensha Co Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Mar25 Jun25 Sep25 Mar26 Jun26
Cyclically Adjusted PS Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.00 0.55 0.59 0.00 0.00

TSE:1948 vs PWR, FIX, EME: Cyclically Adjusted PS Ratio Comparison

For the Engineering & Construction subindustry, Kodensha Co's Cyclically Adjusted PS Ratio, along with its competitors' market caps and Cyclically Adjusted PS Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Kodensha Co Cyclically Adjusted PS Ratio vs Construction Industry

For the Construction industry and Industrials sector, Kodensha Co's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Kodensha Co's Cyclically Adjusted PS Ratio falls into.


TSE:1948
61GF Score
Kodensha Co Ltd TSE:1948
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Kodensha Co Cyclically Adjusted PS Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PS Ratio takes the Revenue per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/S calculation. Because it considers this 10-year average, it's often referred to as the CAPS Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PS Ratio.

Kodensha Co's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, Kodensha Co's adjusted Revenue per Share data for the three months ended in Mar. 2026 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=0/112.7000*112.7000
=0.000

Current CPI (Mar. 2026) = 112.7000.

Kodensha Co Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201512 976.255 98.100 1,121.549
201603 1,298.052 97.900 1,494.285
201606 751.717 98.100 863.593
201609 933.566 98.000 1,073.601
201612 946.177 98.400 1,083.680
201703 1,568.435 98.100 1,801.862
201706 802.817 98.500 918.553
201709 895.573 98.800 1,021.570
201712 901.431 99.400 1,022.045
201803 1,228.845 99.200 1,396.077
201806 759.526 99.200 862.889
201809 1,125.437 99.900 1,269.637
201812 1,057.703 99.700 1,195.618
201903 1,287.373 99.700 1,455.235
201906 782.290 99.800 883.408
201909 1,023.112 100.100 1,151.895
201912 911.612 100.500 1,022.275
202003 1,303.225 100.300 1,464.342
202006 671.066 99.900 757.048
202009 959.630 99.900 1,082.586
202012 932.228 99.300 1,058.027
202103 1,093.965 99.900 1,234.133
202106 715.801 99.500 810.762
202109 783.281 100.100 881.876
202112 788.132 100.100 887.337
202203 1,003.047 101.100 1,118.134
202206 703.273 101.800 778.574
202209 946.846 103.100 1,035.010
202212 939.285 104.100 1,016.882
202303 1,197.450 104.400 1,292.650
202306 761.378 105.200 815.659
202309 995.036 106.200 1,055.937
202312 993.229 106.800 1,048.098
202403 1,186.872 107.200 1,247.766
202406 875.857 108.200 912.284
202409 1,089.994 108.900 1,128.029
202503 0.000 111.100 0.000
202506 994.307 111.700 1,003.209
202509 1,305.973 112.000 1,314.135
202603 0.000 112.700 0.000

Add all the adjusted revenue per share together and divide 10 will get our Cyclically Adjusted Revenue per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.

Is Kodensha Co (TSE:1948) Overvalued in 2026?

Based on GuruFocus' analysis, Kodensha Co stock appears to be overvalued. The current stock price of 円11,410.00 is trading 455.8% above its estimated GF Value™ of 円2,052.79. GuruFocus considers Kodensha Co to be Significantly Overvalued.

Key valuation signals for TSE:1948:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: 円2,052.79 vs. price of 円11,410.00 (455.8% above fair value)
  • GF Score™: 61/100 with 3 warning signs

No single metric tells the full story. See the TSE:1948 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Kodensha Co Business Description

Address 5-11-10 Ginza, Chuo-ku, Tokyo, JPN, 104-0061
Kodensha Co Ltd is a specialized company of electrical equipment construction. It has diversified its operations into the following segments. The "Electrical Equipment Construction Business" carries out indoor wiring construction, power transmission line construction, power generation and transformation construction, communication construction, and air conditioning construction. The "Product Sales Business" sells electronic control and measurement machinery and equipment, substation equipment and equipment, machine tools and equipment, information and communication machinery and equipment, refrigeration and air conditioning machinery and equipment, elevators and monitoring, and control equipment.
61GF Score

Get the complete analysis for TSE:1948

Cyclically Adjusted PS Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

円11,410.00
Price
円2,052.79
GF Value